Retail investors are taking out personal loans & borrowing from friends and family to invest in stocks…

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Grantham Calls Meme Investing ‘Biggest U.S. Fantasy Trip’ Ever Thanks to a Clueless Federal Reserve

Investors are witnessing the “biggest U.S. fantasy trip of all time” in the stock market thanks to a clueless Federal Reserve, speedy stimulus and surprising success with Covid-19 vaccinations, according to Jeremy Grantham, financial historian and co-founder of the investment firm GMO. It’s been just over a year since the last stock market crash…

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